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World Cyber Security Summit Opens the Door for Africa’s Roadmap to Boost its Prospects for Cyber Solutions

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AFRICA, June 7, 2021 – (ACN Newswire) – Africa played host to a content-rich virtual conference on Monday. Hosted by Trescon, World Cyber Security Summit featured leading speakers from organisations such as Federal Democratic Republic of Ethiopia Ministry of Innovation and Technology, Ministry of ICT, Innovation and Youth Affairs, Council for Scientific and Industrial Research (CSIR), iAfrikan Media, Darktrace, Nanjgel Solutions and Accops among others to discuss Africa’s cyber security prospects.
“Shifting online has raised the possibility of opening business-critical data to internal and external risks; making data protection on employee endpoint devices more relevant. Hence cyber security leaders play an important role in today’s business. They are going beyond home markets, thinking digital-first, and leveraging technology to solve problems at scale for industries around the world,” stated Mithun Shetty, CEO, Trescon. He further added, “Virtual events are an excellent opportunity for everyone in the industry to come together and do business during these difficult times.”

Highlights and key takeaways from World Cyber Security Summit:

Dr. Ahmedin M Ahmed (Ph.D.), the State Minister at the Ministry of Innovation and Technology, Ethiopia delivered real-world insights and pragmatic advice to the attendees. He also shed light on the reasons for increasing cyber threats and the importance of infrastructural development in Africa. He focused on developing continual roadmaps using the Agenda 2063 framework and listed various projects and programs underway.

While speaking about the integrated digital revolution, he stated that “Africa is trying to have an integrated digital revolution and it is visible on the agenda 2063. Africa’s development includes digital revolution as one of its strategic pillars.”

A tech talk featuring Mariana Pereira, Director of Email Security Products, Darktrace, spoke about how machines need to understand, respond, detect, and protect the users from the effects of offensive AI and impersonation attacks. She shared actual examples of how attackers get past the legacy security solutions and discussed about the future threats by cyberattacks.

She stated, “There is no doubt in my mind that AI will dramatically shape and continue to change the cyber security landscape for attackers as well as defenders.”

In a panel discussion on the topic “Cyber security framework and strategies for the African Government Authorities” moderated by Tefo Mohapi – CEO, IAfrikan Media, Republic of South Africa, the panellists discussed key topics such as:

– Legal framework and strategies to fight cybercrime in Africa
– Enhancing Oversight of Cybersecurity within African Critical Infrastructure
– Cyber Security for Smart Cities: Advanced technologies for citizens’ safety and much more.
The panellists who joined this discussion were:
– Richard M. Kiarie, Principal ICT Officer/Head, Policy and Research Unit, Ministry of ICT, Innovation and Youth Affairs, Republic of Kenya;
– Themba Mnguni – Deputy Director, IT Audit, Department of Rural Development and Land Reform, Republic of South Africa; and
– Arnold Mangeni – Director Information Security, National Information Technology Authority, Uganda.

The summit also featured a tech talk by Vijender Yadav, CEO, CTO & Co-Founder, Accops where he spoke about “Re-defining Cyber Security with a Compliant Hybrid Workspace”

And, a cross-industry panel discussion on Cyber Security trends and crucial security strategies for sectors and enterprises that included speakers:

– Bassam Touma, Business Development, Shelt Global Ltd;
– Faheem Ali, Chief Risk Officer, Musoni, Kenya;
– Ashish Khanna, Information Security Specialist & Strategic Advisor to the CISO, Dubai Health Authority;
– Alice Namuli Blazevic, Partner – Head of Innovation and Technology, Kantede Advocates;
– Karthik A , Chief Evangelist, ManageEngine;
– Mariana Pereira, Director of Email Security Products, Darktrace; and moderated by
– Fene Oskawe, Director, Group IT-GRC & Strategy, IHS Towers, Nigeria.

Other top speakers who joined the conversation included:

– Confidence Staveley, Cyber Security Evangelist, Top 50 Women in Cyber Security Africa 2020 Finalist; Founder, Cybersafe, Nigeria;
– Muyowa Mutemwa, Cyber Security Operations Manager and Senior Cyber Security Specialist, Council of Scientific and Industrial Research, Republic of South Africa;
– Humphrey Odhiambo, Head of Partnerships & Content, CIO East Africa, Kenya;
– Naresh Kumar, Director – Regional Sales Development, EMT Distribution META;
– Yusein Shen, Partner Account Manager, Progress;
– Stanley Mwangi Chege, Group CIO, Jubilee Insurance, Kenya; and
– Winnie Sergon, Head of ICT and Innovation, Boresha Sacco Society, Kenya; to name a few.

The summit was hosted on the virtual events platform Vmeets which helped the participants to network and conduct business in an interactive and immersive virtual environment. Participants were also able to engage with speakers in Q&A sessions and network with solution providers in virtual exhibition booths, private consultation rooms and private networking rooms.

The World Cyber Security Summit – Africa was officially sponsored by Platinum Sponsor – Nanjgel Solutions and Accops; Gold Sponsors – emt Distribution FZ-LLC and Progress Software Corporation; Silver Sponsor – ManageEngine and SHELT.

About World Cyber Security Summit

World Cyber Security Summit is a thought-leadership driven, business-focused initiative that provides a platform for CISOs who are looking to explore new-age threats and the technologies/strategies to mitigate them.

For further details about the announcement, please contact:
Karthik A – Marketing Lead
marketing@tresconglobal.com


Topic: Press release summary
Source: World Cyber Security Summit

Sectors: Trade Shows, Cloud & Enterprise, CyberSecurity
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ACN Newswire

Joy Spreader Plans to Adopt a Share Award Scheme through a Stock Repurchase Program

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Monday, 21 June 2021, 09:20 HKT/SGT
HONG KONG, June 21, 2021 – (ACN Newswire) – The Board of Joy Spreader (06988.HK), a Hong Kong publicly traded company, made voluntary announcement regarding its plan of adoption of Share Award Scheme through a stock repurchase program on June 21st, 2021.

The announcement says that the Scheme serves the purposes to recognize the crucial and remarkable dedications and contributions of certain directors, employees, consultants and advisers of the Company, as well as to incentivize them to retain longer term tenure with the Company, while to motivate them to endeavor for the future development and expansion strategy.

Analysts credit that the Company has delivered an impressive growth dynamics and positive momentum in the recent years, however, believe the current stock price fails to reflect the intrinsic value of the Company, while signifying the optimal time window to conduct a stock repurchase program for award shares scheme. The announced Scheme demonstrates the Board’s genuinely confidence and resolutely determination of the Company’s prospect, along with establishment a stable and long-term platform of mutual interests between the Company and selected participants, while further stimulates and enhances the efficiency and effectiveness of management team and all employees, in order to empower the growth engine of the Company to fulfill the long-term missions and visions, and continuously improve the intrinsic value of the Company.


Topic: Press release summary
Source:

Sectors: Media & Marketing, Cloud & Enterprise, Advertising
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ACN Newswire

DeFi Powerhouse Fantom’s Native Token FTM Gets Listed on BitFinex and Gemini

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NEW YORK, NY, June 19, 2021 – (ACN Newswire) – Two major cryptocurrency trading platforms have listed Fantom within the last 24 hours, as the blockchain platform and its native token FTM continues to grow its footprint across the globe.

1. Bitfinex, one of the world’s oldest exchanges, has announced the listing today.
2. US-based digital currency exchange Gemini announced the listing of FTM yesterday, allowing US citizens to buy and trade on their regulated trading platform.

Fantom has been showing remarkable growth in the first quarter of 2021. It enables users to make blockchain transactions without the hassle of high fees, complicated interfaces, slow transaction speeds and weak security.

Bitfinex

Users can withdraw and deposit FTM on Opera Mainnet on Bitfinex leveraging the speed and low transaction costs of Fantom. Founded in 2012, Bitfinex was one of the first professional platforms set up to accommodate the booming interest in cryptocurrency trading. Since then, the team has gained invaluable experience whilst cementing their spot as the go-to platform for digital asset traders and institutions.

Bitfinex is widely used in the Asia Pacific region, especially in China and by getting listed on the platform increases Fantom’s presence in the region.

GEMINI

Gemini, formally known as Gemini Trust Company LLC, is considered one of the most trusted, reliable and regulated digital currency exchange platforms. Its creators Cameron and Tyler Winklevoss created this platform, enabling people from the US to trade safely and secure various cryptocurrencies using USD. Gemini has made a name for itself as being both regulated and highly reputable. Fantom’s addition to Gemini is mutually beneficial as Fantom is closer to being one of the best DeFi (decentralized finance) platforms in the industry.

Being a US-based exchange, Fantom’s listing on the platform now opens up the opportunity for investment by US-based crypto enthusiasts and large-scale investors alike, both of which now have much easier accessibility to the token.

The US is a financial powerhouse when it comes to cryptocurrency, with a recent survey showing more than 6 percent of Americans have financial interests in crypto. That puts the US behind only China when it comes to cryptocurrency investment, which needless to say, opens up a world of opportunity for Fantom.

Fantom’s Exponential Growth

Fantom’s exponential growth is attributed to many factors, including its multiple government partnerships. In addition to being user-friendly, Fantom is also a developer-friendly blockchain that has attracted developers through its decentralized system, enabling blockchain projects with efficiency and ease. Fantom’s minimal fees make this platform desirable, not to mention its compatibility with Ethereum.

– Website https://fantom.foundation/
– Docs https://docs.fantom.foundation/
– Research papers https://fantom.foundation/fantom-research-papers/
– Discord http://chat.fantom.network/
– Telegram https://t.me/Fantom_English
– Blog https://fantom.foundation/blog/
– Twitter https://twitter.com/FantomFDN
– Reddit https://www.reddit.com/r/FantomFoundation/
– Github https://github.com/Fantom-Foundation

Media Contact Information
Simone Pomposi
pr@fantom.foundation
https://fantom.foundation

SOURCE: Fantom Foundation


Topic: Press release summary
Source: Fantom Foundation

Sectors: FX & Digital Currencies, FinTech & Blockchain


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ACN Newswire

Grand Ming Group Holdings Limited Announces Annual Results for the Year Ended 31 March 2021

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HONG KONG, June 19, 2021 – (ACN Newswire) – Grand Ming Group Holdings Limited (“Company”, together with its subsidiaries, collectively referred to as the “Group”; 1271.HK) announces its annual results for the year ended 31 March 2021 (FY 2020/21).

Highlights:
– Revenue amounted to HK$1,492.4 million, an increase of 65.3% from the previous financial year.
– Net profit was HK$149.0 million, representing an increase of 340.6%.
– Underlying profit, excluding the changes in fair value of investment properties, increased by 234.2% to HK$147.6 million.
– Proposed payment of final dividend of 4.0 HK cents per share.
– Stay positive toward lucrative business of owning and operating data centres via expanding portfolio of developing two new centres in near future.
– Seize opportunity to increase land reserve for property development in Hong Kong and cautiously explore property and property-related development opportunities in Nanning, Guangxi Province, China.

The Group’s consolidated revenue increased approximately 65.3% from approximately HK$902.6 million for FY 2019/20 to approximately HK$1,492.4 million for FY 2020/21. The increase was primarily driven by revenue recognised from the building construction project at Kai Tak which was in full swing operation during the FY 2020/21.

The Group’s underlying profit for FY 2021/21, excluding the changes in fair value of investment properties, amounted to approximately HK$147.6 million, representing an increase of approximately 234.2% as compared to an underlying profit of approximately HK$44.2 million for FY 2019/20. Underlying earnings per share were 10.4 HK cents (2020: 3.1 HK cents). The increase in profit mainly benefited from (i) an increase in revenue recognised from the construction segment; and (ii) sales of car parking spaces and one duplex residential unit on the top floor in the Cristallo project. Net profit for FY 2020/21 was approximately HK$149.0 million, representing an increase of approximately 340.6% when compared to that of approximately HK$33.8 million for FY 2019/20. Basic earnings per share were 10.5 HK cents (2020: 2.4 HK cents).

The Group believes a long-term high dividend policy is the best reward for our loyal shareholders. The Board now recommends paying a final dividend for FY 2020/21 of 4.0 HK cents per share. Together with the interim dividend of 4.0 HK cents per share, the total dividends for FY 2020/21 amounted to 8.0 HK cents per share, representing a payout ratio of approximately 77% (based on the total dividends and the Group’s profit for the year excluding the change in fair value of investment properties).

During FY 2020/21, revenue derived from the construction business increased by approximately 128% or approximately HK$636.6 million, from approximately HK$497.1 million for FY 2019/20 to approximately HK$1,133.7 million for FY 2020/21. The significant increase was primarily attributed to the construction project at Kai Tak, Kowloon which the construction works commenced in May 2019 and worked in full swing during FY 2020/21.

The data centre leasing business is resilient. The utilisation rate for the Group’s two high-tier data centre buildings, namely iTech Tower 1 and iTech Tower 2 remains high, driven by our expertise in data centre management providing uninterrupted customer services amidst the COVID-19 pandemic. Revenue derived from this segment increased approximately 17.8% or HK$24.9 million, from approximately HK$139.8 million for FY 2019/20 to approximately HK$164.7 million for FY 2020/21, primarily driven by increased utilisation of iTech Tower 2 by committed customers.

In order to create a stable and growing cash flow stream, the Group is inclined to further diversify our footprint for high-tier data centres. In September 2020, the Group acquired two parcels of land in Fanling, New Territories for the purposes of developing into two new high-tier data centres. Application for the land-use change of these two parcels of land by way of land exchange is now underway.

The Group’s first residential property development project namely “The Grand Marine” at Tsing Yi, New Territories is being developed into two residential towers with clubhouse and car park facilities. It provides a saleable area of approximately 345,000 square feet for 776 residential units. Superstructure work had completed, followed by the facade and interior fitting-out works are now underway. The project is expected to be completed by the end of 2021. This project received tremendous responses in the market since its pre-sale launched in November 2019. Approximately 89% of the residential units were sold cumulatively with presale proceeds of approximately HK$4.5 billion being recorded.

The Group’s luxury residential project, CRISTALLO, at No. 279 Prince Edward Road West, Kowloon was well sold. Sales and delivery of two apartments and six car parking spaces had been completed during the year, and revenue of approximately HK$194.0 million was recognized accordingly. Furthermore, six provisional sales and purchase agreements for six apartments totalling approximately HK$240 million had recorded. Sales and delivery of two apartments therein had been completed in May 2021 and completion of the remaining four apartments are scheduled to take place during the period from June 2021 to June 2022.

In order to increase its land bank, the Group completed the acquisition of land located at No.1 Luen Fat Street, Fanling, New Territories with a site area of approximately 6,800 square feet in January 2021. The Group plans to develop it into a residential-cum-retail property with a gross floor area of approximately 37,700 square feet and a land exchange application to convert the use of land is now under processing.

Mr. Chan Hung Ming, Chairman and Executive Director of Grand Ming Group Holdings concluded, “Year 2020 is a COVID-19 pandemic year casting challenge and impact to economies and businesses. With the imposition of effective measures against the pandemic including the COVID-19 vaccination programme, the pandemic situation is stabilized and a strong bounce in the residential property market in the first and second quarter of 2021 is recorded. We endeavored to sell the remaining units for properties ‘Cristallo’ and ‘Grand Marine’ in the spring boom, with ‘Grand Marine’ scheduled to be completed in the fourth quarter of 2021. We are inclined to be more active recyclers of capital over the next few years with eyes on maintaining an optimal capital structure. On the one hand, we actively accumulate our land reserve in Hong Kong for the development and operation of high-tier data centres which are believed a continuous surging growth especially the work-from-home model prevails even post-pandemic period; as well as the development of residential property. Therefore, we add three parcels of land in Fanling, New Territories during the year to build up our land bank and development pipeline. On the other hand, we are evaluating the return and risk parameters for various property development and property-related projects in Nanning, Guangxi Province, China. We will also continue to monitor the pandemic situation while refining our long-term property development strategies.”

About Grand Ming Group Holdings Limited (1271.HK)

The Group is principally engaged in the business of building construction, property leasing and property development. As a local wholesale co-location provider of high-tier data centres, the Group is one of the dedicated service providers in Hong Kong which owns and uses the entire building for leasing to customers for data centre use. Its clientele includes multinational data centre operator, telecommunications company and financial institutions. The Group operates two high-tier data centre buildings, namely iTech Tower 1 and iTech Tower 2. It also acquired two pieces of land in Fanling, New Territories for developing into two high-tier data centres. Furthermore, the Group launches a residential development project namely “The Grand Marine” at Sai Shan Road, Tsing Yi, as well as a luxury residential project, Cristallo, at Prince Edward Road West, Kowloon. The Group also owns a piece of land at No.1 Luen Fat Street, Fanling, New Territories with a site area of approximately 6,800 square feet for developing into a residential-cum-retail property. With more than 20 years of experience in the construction industry, the Group also provides building construction services as a main contractor, and is involved in residential property development projects with prominent local developers, as well as offering alteration, renovation and fitting-out services for existing buildings in Hong Kong. https://www.grandming.com.hk/eng/intro.php

Media Contacts:
Angel Yeung
Jovian Communications Ltd
Email: news@joviancomm.com


Topic: Press release summary
Source: Grand Ming Group Holdings Limited

Sectors: Daily Finance
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Alpha DX Set Sights in China with Proposed Investment in JobForesight

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Singapore, June 18, 2021 – (ACN Newswire) – Alpha DX Group Limited, (“Alpha DX”, the “Company” and together with its subsidiaries, the “Group”), a premier learning and education solution company, is pleased to announce that its technology subsidiary, ZioNext Pte Ltd, has signed a Memorandum of Understanding to invest in Singapore-based JobForesight, which has developed a cloud-based application, Careershe, that offers an academic & career planning platform that is targeted at the largest education system in the world.

Guangdong-based Careershe (https://www.careershe.com/en.html) was created to assist Chinese youth between ages of 15 and 25 years old to equip themselves with the relevant information and knowledge that are necessary for them to optimise their decision-making process in choosing the appropriate education programs as well as the career opportunities that are best suited to them.

With personalised matching analysis using Big Data and Artificial Intelligence (AI) and the database on Careershe’s platform, Careershe can enable Chinese youths to navigate through the extremely competitive education and career environment by personalising the education and career roadmap with the formulation of an optimal academic and career design.

With the proposed investment, Careershe universal student navigation platform will be integrated with Alpha DX’s Ubiquitous Learning Super Platform (ULSP) to expand the Group’s service offerings to harness new opportunities within the global learning and education ecosystem.

The Company will update shareholders of any developments on the proposed investment in JobForesight.

Formerly known as Alpha Energy Holdings Limited, the Group has transformed itself in January 2021 with fund raising and restructuring initiatives under the leadership of technology and financial veterans in the learning and education industry.

Alpha DX’s CEO, Mr Daiji Yamada, said, “Education unlocks vital skills that shapes our career and lives, hence Careershe is developed as a trusted and reliable source for Chinese students to obtain objective insights and professional guidance in their education and career journey to achieve their full potential and dreams.

We aim to work together with Careershe to enable more youths to acquire the relevant skillsets and knowledge in their areas of interest and to transition seamlessly in their future careers.”

About Alpha DX Group Limited
(Bloomberg: ALEN:SP / Reuters: ALPH.SI/ SGX Stock Code: VVL)

Listed on the Singapore Stock Exchange, Alpha DX Group Limited (“Alpha DX”) is one of the region’s leading learning solution companies.

Led by the veterans in Technology, Education, Corporate Training and Business consultancy in both the Board of Directors and the management team, Alpha DX provides next generation XR(2) integrated solutions in learning and education market enabling our customers to create engaging, impactful learning and training experiences that have never been possible until now– Next generation Learning Institutions, multi-dimensional learning design, digital content creation, learning technologies, learning platform solutions and systems integration — all under one roof.

With a strategic focus on integrating Extended Reality (XR)(1) technology to create a personalised and expanded learning experience, Alpha DX aims to develop new value propositions to serve the future needs of learners from its diversified customer base, ranging from government agencies, education institutions to private enterprises.

For more information, please visit www.alpha-dx.com.sg

(1) XR is a term used to describe immersive technologies (such as augmented reality, virtual reality, and mixed reality plus other new innovations that are still in development) that can merge the physical and virtual worlds.

Issued on behalf of Alpha DX Group Limited. by 8PR Asia Pte Ltd.
Media & Investor Contacts:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

This press release has been reviewed by the Company’s sponsor, PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”) and the Exchange assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Ms Ng Shi Qing, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.


Topic: Press release summary
Source: Alpha DX Group Limited

Sectors: Cloud & Enterprise, Daily News, Venture Capital, ASEAN, Education, Artificial Intel [AI], Local Biz
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